British consumers who want to avoid the eurozone this year have been advised to visit Egypt.

The north African country was flagged up by the Guardian as a possible destination for holidaymakers who wish to take advantage of more favourable exchange rates.

Since the current weakness of the pound against the euro has led to traditional hotspots such as Spain becoming more expensive, the newspaper believes Egypt could be a good alternative for prudent tourists.

The publication added that visiting a cheaper destination means that those who are feeling the pinch of the credit crisis will not have to cancel their annual summer break.

"Sterling still converts nicely," the Guardian commented.

"Perhaps rather than calling the whole thing off, now is the time to experiment."

This comes after research by Cheapflights.co.uk showed that interest in the Egyptian resort of Sharm El Sheikh is currently 50 per cent higher than it was 12 months ago.

The current weakness of the pound against the euro was cited as one of the main reasons for this increase.